The Farthings, 57 Derwent Way, off Faraday Road, Lenton, Nottingham, NG7 2BA

Property Information

• Let to Housing Association – Places for People
• 11.5 years left on 2 leases
• Operational Leases effectively FR&I via Sinking Fund
• Places for People – Blue Chip covenant – Assets of £5.8 Billion Adjacent to University of Nottingham Jubilee Campus
• Walking distance to Queens Medical Centre. Planning – Class C3 – covering all living sectors
• Rack Rent received for 2024 – £426,289 reviewed Annually Average Rack Rent for last 3 years – £419,711
• ERV – £650,000 pa if Apartments let individually Annual Rent Reviews
• Potential Breakup Value – £8,550,000
• Sale Price – £6,500,000 – Net Yield after costs – 6.14%

Reference No: 11311